Altcoins News
By James Thorp
1 / 15
What Actually Happened in April. The attack hit on April 25. A malformed MWEB peg-out transaction slipped through — a tiny input…
2 / 15
Why the Slow Adoption Matters. Litecoin carries a market cap of $3.4 billion. That's not a small number.
3 / 15
Where the Network Stands Now. No timeline exists for when — or whether — the remaining nodes will update.
4 / 15
Most Litecoin nodes are still running software that can't stop a repeat of April's double-spend attack. That's a problem nobody seems to be fixing fast enough.
5 / 15
Less than 30% of nodes have installed the patches released after a hacker exploited a flaw in Litecoin's MimbleWimble Extension Block — known as MWEB — transactions. The rest?
6 / 15
The attack hit on April 25. A malformed MWEB peg-out transaction slipped through — a tiny input backing a much larger withdrawal, effectively conjuring illegitimate Litecoin out…
7 / 15
The flaw traces back to how Litecoin Core handles MWEB transactions. MWEB, activated in 2022, was built to give Litecoin users better transaction privacy. Good idea in theory.
8 / 15
Litecoin Core v0.21.5.4 dropped the day after the reorganization event — April 25 — targeting denial-of-service attack vectors on mining pools.
9 / 15
Litecoin carries a market cap of $3.4 billion. That's not a small number. And the security of that network depends almost entirely on node operators keeping their software…
10 / 15
Read also: Congress Members Could Lose Prediction Market Profits Under Steils $2,000 Fine Bill
11 / 15
And that's kind of where things stand right now.
12 / 15
The Litecoin team has pushed hard for adoption, urging all users to move to the latest versions and making clear what's at stake.
13 / 15
The gap between mining nodes and non-mining validating nodes is worth paying attention to here.
14 / 15
No timeline exists for when — or whether — the remaining nodes will update. The Litecoin team hasn't specified a deadline, and there's no mechanism in a decentralized network to…
15 / 15
See also: Franklin Templeton Bets on Bitcoin with Two New Dividend-Reinvesting ETFs
The Currency Analytics
Want the full story?